For many financial institutions, loans are placed at the center of the organizations as they provide a key ingredient in determining organizational profitability. Financial institutions are increasingly mindful of improving loan origination and servicing processes to increase efficiency and decision speed. They also aim to enhance their capabilities to provide superior customer experience.
Managing complex, scalable and multiphase lending processes requires excelling in operations. VeriPark's loan origination and servicing solution VeriLoan developed on Microsoft Dynamics 365 offers the best-in-class end-to-end solution for financial institutions. It provides a full range of functionalities that streamlines loan origination and servicing processes, while maximizing efficiency and reducing risk.
VeriLoan's workflow technology to manage work steps in the loan origination and servicing processes reduces the amount of redundancy. It includes rule engine based scoring and all the functionalities and forms that loan processors require while processing a loan. It provides extensive parameterization, reusable business rules and easy access to all forms, verifications, lenders and third parties.